3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be fairly valued. ###PLOTLYGRAPH### The red lines in this plot …
Read ArticlePredicted price range for Mccormick & Company
Our trading algorithm values Mccormick & Company (MKC) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $74.87 |
| 60 Day Prediction | $77.93 |
| 60 Day Pred - Lower Bound | $72.07 |
| 60 Day Pred - Upper Bound | $83.82 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.054 * nr_days_in_the_future + 76.315
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
MKC traded at $74.87 this Friday October 14th, loosing $-0.99 or -1.32 percent since last week.
Looking back, over the last month, MKC has been loosing $-3.99 or -5.33 percent.
Over the last year, it has been loosing $-5.01 or -6.69 percent.
Seasonality of Mccormick & Company
Using our AI model, we have been analyzing the value change for Mccormick & Company depending on the day or month of a year. This can be seen in the following graph:
